Trade Setups

I’m’ not a big fan of these commodity miners – particularly when it comes to silver miners, because usually it is ultra difficult to find a the right setup that offers an ideal risk/reward opportunity.  I might have to really rethink that one here though, because, we’ve got two mighty tempting setups here – the

Weirdly we are up on the day. It doesn’t feel like that, i think primariy to the churning we saw early on, and the constant reversals. I think the big picture states that the positive that can be taken from the day is that we managed to finish higher and stop the selling as well

A lot of things going right in Apache (APA). Can’t help but really like what I am seeing in this stock here…. Here’s the chart and setup.

I’m really liking these swing trade setups. The problem is whether this market can bounce back and push higher, or whether we are in a longer-term distribution phase of this market that will ultimately send it lower.  I’m not a big fan of making a wild guess, so for now, I’ll simply say that “I

Humana (HUM) with ascending triangle breakout I’ve only added one new trade so far today. A lot of stocks are trading at some heavy extremes intraday, particularly when you are basing it off of Pivot Points. I don’t like to trade stocks when they are above the R3 level intraday, like we see in

I’ve added all three of these stocks to my watch-list today, as I found the price action very inviting.  As with any small cap/low dollar stock there is a lot more risk that is involved in trading them, but with that comes the alluring possibility of out-sized gains that might not otherwise be realized trading

I like this trade setup quite a bit and has served me well so far with  Hornbeck Offshore Services (HOS).  I swapped Diamond Offshore Drillers (DO) for HOS and the net gain between the two has been much better had I just stayed in overextended DO.  The ascending triangle breakout at the highs is often times

Here’s my only trade today, and it comes in Diamond Offshore Drillers (DO). I love the inverse head and shoulders pattern we are getting here, and I think that it should, at the very least make a push above $75. We have also seen some strength out of other offshore drillers recently, like Hornbeck Offshore

Pre-market update (updated 8am eastern): European markets are trading 0.1% higher. Asian markets traded trading 0.7% higher.  US futures are slightly lower.  Economic reports due out (all times are eastern): MBA Purchase Applications (7am), Producer Price Index (8:30am), Empire State Manufacturing Survey (8:30am), Treasury International Capital (9am), Industrial  Production (9:15am), Housing Market Index (10am), E-Commerce Retail

I’ve got about 70% of my capital committed at the moment to the long side. I may push that to 80% with one of the names listed below by the end of the day.  I think today’s action is extremely significant and resumes the uptrend that we have been on since April’s lows. This move